Rare shovel-ready residential infill development opportunity in the heart of Smithville, Ontario, just steps from downtown and a wealth of amenities. Seller is willing to consider a vendor take-back mortgage of up to 50%. Fully approved with zoning, site plan approval, development agreement, and draft plan of condo approval in hand, this project is ready to go. Designed for 20 condominium townhouses or a purpose-built rental development with 2 units per townhouse (40 units total), as permitted under Section 3.2.1 of the West Lincoln Zoning By-Law. Situated on a major street, within walking distance of restaurants, grocery stores, LCBO, churches, walking trails, and parks, this prime location offers both convenience and strong market appeal. A comprehensive due diligence package, including reports and studies, is available. With the Niagara Regions population expected to grow by 27.6% to 610,000 by 2041, demand for quality housing continues to rise, making this an exceptional investment opportunity in a rapidly expanding community. (id:13843)
MLS # | X11967171 |
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Listing Type | For Sale |
Status | Active |
Days On Site | 154 |
Listing Provided By | COLDWELL BANKER POWER REALTY | DANNY PARTALAS |
SQ Feet | 1 |
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Zoning | RM2-148 |
Acreage | 1.61 |
Property | 5268 |
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Province | ON |
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City | West Lincoln (Smithville) |
Postal Code | L0R2A0 |
Listing VS Median (in L0R2A0) | |
Price: $2,999,000 low | high Med: $699,900 SqFt: 1 low | high Med: 1,532 $ / SqFt: $2,999,000 low | high Med: $457 On site: 154 low | high Med: 17.000000 |